Which of the following is not held constant when constructing a supply curve for good X?
A)Number of firms producing good X
B)Price of inputs
C)Price of good X
D)Producer expectations
E)Production technology

Question

Quizplus · Accepted Answer

The price of good X is the variable being analyzed in the construction of the supply curve, so it cannot be held constant. The other variables, including the number of firms producing the good, price of inputs, producer expectations, and production technology, can be held constant or allowed to vary to illustrate the relationship between the price of good X and the quantity supplied.

Which of the Following Is Not Held Constant When Constructing